Binary Straddle Example Based On The 2016 Election
When an outcome is binary with an implied probability, the straddle will tell you the expected move in either direction
You Can Mock Trade With A Deck Of Cards
Card games used in training
Mock Trading Options With Market Makers
How professional option traders trained
Finding Vol Convexity
See how out-of-the-money options have non-linear responses to changes in implied volatility
Where Does Convexity Come From?
Convexity is a fancy word for "my position size is not constant"
Why Options Trades Focus on Vega
The most important greek for long-dated options
Lessons from the .50 Delta option
The .50 delta option is not necessarily at-the-money. See how the .50 delta strike holds information about the underlying distribution.
Do Professional Investors Understand Fees?
Non-obvious relationships between volatility and management fees
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